Category : Finance

Dreamworks Integrated Systems, a provider of information and communications technology solutions, has unveiled a new logo and tech walk to celebrate its 20th anniversary. According...

Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre respectively....

The Commissioner of Finance, Lagos State, Abayomi Oluyomi, has described Small and medium Enterprises as a critical engine for sustainable development in any economy. He...

The directors of Fidelity Bank have proposed a final dividend payout of 60 kobo per share to shareholders for the 2023 financial year. This is...

The United Bank for Africa (UBA) has recorded N608 billion Profit After Tax (PAT) as its gross earnings rose to N2 trillion in at the...

The combined operating expenses of 10 Nigerian banks rose by 42.51 per cent to N3.23tn in 2023 compared to N2.26tn in the previous year, according...

Eterna Plc has appointed oil executive and economist, Mr Abiola Lawal, as its new Managing Director/Chief Executive Officer following the resignation of Benjamin Nwaezeigwe. In...

Less than a week into the effective date of the exercise, the recapitalisation programme of banks may face its first acid test in the coming...

The Federal Government has announced plans to initiate the issuance of domestic bonds denominated in foreign currency in the second quarter of this year, precisely...

The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week...

The global financial crisis of 2008 highlighted multiple vulnerabilities within the banking sector in different countries, particularly in Nigeria. In order to mitigate these financial stability...

The Association of Bureaux de Change Operators of Nigeria has said that the recovery of the naira has led to a relative decrease in the...

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time...

Parallell (Black) Market Rates – NGN/USD/GBP/EUR Date Naira/Dollar (NGN/USD) Buy/Sell Naira/Pound (NGN/GBP) Buy/Sell Naira/Euro (NGN/EUR) Buy/Sell March 29, 2024 1250 / 1280 1650 / 1700...

The Central Bank of Nigeria (CBN) leaves nobody in doubt about outward-looking posturing, which prioritises foreign capital inflow at the expense of the survival of...

The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in...

The Central Bank of Nigeria has issued a circular to Bureau De Change operators informing them of the sale of $10,000 to each BDC at...

The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by...

Zenith Bank Plc has announced the appointment of (Dr.) Adaora Umeoji, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by...

Notore Chemical Industries has announced the appointment of Femi Agbaje as the new chairman of its board of directors. The appointment comes more than three...

The Federal Government has enlisted the expertise of leading global investment banks, including Citibank NA, JPMorgan Chase & Co, and Goldman Sachs Group Inc., to...

The Federal Government has rolled out the Presidential Conditional Grant Scheme (PCGS) to empower about one million Nano businesses across the 774 local government areas across the...

The shareholders of Vitafoam Nigeria PLC have approved the N1.95bn dividend proposed by the company’s board of directors. The shareholders gave their approval at the...

LAGOS—The Central Bank of Nigeria, CBN, has reported a 433 per cent upsurge in Diaspora remittances to $1.3 billion in February from $300 million in...

Lagos State Government has partnered with the Association of Chartered Certified Accountants to build the capacity of civil servants in finance. The three-day workshop with...

Transcorp Power Plc has been listed on the Nigeria Exchange Limited more than four years ahead of the projection of the chairman of the board...

The shareholders of the Nigerian Exchange Group will be earning N1.5bn dividends. In a statement on the results signed by the Head of Marketing &...